Group holding company


The parent company of the UNIQA Group is UNIQA Versicherungen AG. This company is registered in the company register of the Commercial Court of Vienna under FN 92933 t. In addition to its duties as Group holding company, this company also performs the duties of a Group reinsurer.

Related companies and persons

31.12.2010
€ 000

31.12.2009
€ 000

Receivables and liabilities with affiliated and associated companies, as well as related persons

 

 

Receivables

7,732

10,719

Other receivables

7,732

10,719

Affiliated companies

7,732

10,430

Associated companies

0

289

 

 

 

Liabilities

2,848

5,742

Other liabilities

2,848

5,742

Affiliated companies

2,749

5,677

Associated companies

98

65

Income and expenses of affiliated companies as well as related persons

2010
€ 000

2009
€ 000

Income

25

1,949

Investment income

25

1,941

Affiliated companies

25

0

Related companies

0

1,941

Other income

0

8

Affiliated companies

0

8

 

 

 

Expenses

4

8

Other expenses

4

8

Affiliated companies

4

8

There were no major transactions with related companies during this financial year. In July 2009, Raiffeisen Versicherung AG and UNIQA Personenversicherung AG each sold roughly 2.4 million shares in Leipnik-Lundenburger Invest Beteiligungs AG to Raiffeisen-Invest-Gesellschaft m.b.H., which is an associated company of Raiffeisen Zentralbank AG. As UNIQA Versicherungen AG is included in the Group consolidated financial statements of Raiffeisen Zentralbank as an associated company, this concerns a business with associated companies in accordance with IAS 24. Raiffeisen Versicherung AG and UNIQA Personenversicherung AG realised capital gains of € 1,941,000 from this transaction. There are no outstanding balances from these transactions as at 31 December 2009.

Other financial commitments and contingent liabilities

31.12.2010
€ 000

31.12.2009
€ 000

Contingent liabilities from risks of litigation

11,398

19,704

Austria

0

0

Foreign

11,398

19,704

Other contingent liabilities

100

1,390

Austria

0

0

Foreign

100

1,390

Total

11,499

21,094

The companies of the UNIQA Group are involved in court proceedings in Austria and other countries in connection with their ordinary business operations as insurance companies. The result of the pending or threatened proceedings is often impossible to determine or predict.

In consideration of the provisions set aside for these proceedings, the management is of the opinion that these proceedings have no significant effects on the financial situation and the operating earnings of the UNIQA Group.

 

2010
€ 000

2009
€ 000

Current leasing expenses

2,099

1,017

 

 

 

Future leasing payments due to the financing of the new UNIQA Headquarters in Vienna

 

 

Up to 1 year

5,256

5,287

more than 1 year up to 5 years

20,831

21,034

more than 5 years

18,157

33,574

Total

44,244

59,895

Income from subleasing

343

508

UNIQA moved into the new headquarters – the UNIQA Tower – in 2004. The aforementioned leasing obligations are based on the investment expenditures in connection with a specific calculatory rate of interest yield.

The expenses for the auditor in the financial year were €1,818,000 (2009: € 1,895,000), of which € 262,000 (2009: € 265,000) can be attributed to expenses for the audit, € 487,000 (2009: € 406,000) for consultancy services, € 901,000 (2009: € 1,153,000) for other confirmation services, and € 169,000 (2009: € 72,000) to other services.

© 2011 BY UNIQA GROUP AUSTRIA